Monday, August 11, 2008

ECONOMY SHINING- TRUE STORY

As our finance minister and the prime minister claims, that are economy is on the upswing, i think, it is a farce. Are they making fool out of us ? Are they not aware of the ground realities ? The policies they are making are actually for the rich. special economic zones ( sez's ) are being created everday, which are actually tax havens for the top industrial houses. No taxes at all will be charged, from big industrial houses at all. they are actually creating policies to grab hundreds of acres of land for these big houses. this is a legal way of land grabbing from poor farmers.

small scale industry used to be the back bone of indian economy.govt is slowly and gradually making policies to make them dead. time is not far off, when small scale industries will eventually become ancillaries of big industrial houses.rich are getting richer every डे. small scale industries all over india are on the threshold of closing दोवं.

Recently, i happen to meet a senior bureacratin an informal meeting over drinks, he told us the govt's roadmap

as per the govtsmall scale industries are not paying taxes to the govtthey claim, small scale sector deals in all in all illegal activitiesthey dont pay excise, sales tax, income tax, vat and they misuse the powerso let small scale die its own deathit could be true in a few casesthere is no denying the factbut how can you penalise the entire small industries, if some bad fishes are thereyou penalise such small industry, who adopt such method, but why withdraw all the incentives from them, just because of some black sheepthere are millions of small scale units all over india, which give good quality products to the consumers at much lesser rates than big housesbig houses dont want the small scale sector to survivethey are in the process of making big monopolies and cartels to exploit the cosumersthey dictate their terms to the govt and policies are made for them


what about middle class people ? they are white collared people who are being squeezed by rising inflationthey have to maintain a certain standard in the society and it is becoming difficult for them to make both ends meet

as per the very small shopkeepers like kulcha wala is much better off than a middle class manhe does not pay any taxeshe bribes local authorities and gets awaywhat about middle class ? he has to pay incometax, other local taxes like water supply, corporation taxes like house tax, sewerage tax and has to maintain a certain standard in front of the society he relates to


in nutshell, very rich are becoming more rich and competing among themselves to to gain rankings of super rich

in " FORBES " magazinelocal kulchawalas, pan shops, bakery shops and all kinds of such people have no hangups in the societyबोथ are enjoying the economy एक्स्सप्त poor, middle class मन.

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